|OCTOBER 3, 2021|
- Höegh Autoliners signs Letter of Intent with China Merchants Heavy Industry to build its Aurora Class vessels
- Rates ease ahead of China's Golden Week holiday
- SCMTR effective date extended further
- DGTR recommends extension of anti-dumping duty on imports of trailer axles from China
- ECGC assures exporters cost-effective credit insurance cover
- Focus on value-added fish exports stressed
- Merchandise exports jump 21 pc in Sept.
- APSEZ seals deal with SLPA to develop & run Colombo Port's West Container Terminal
- Govt committed to shift public transport & logistics to green & clean sources of energy: Nitin Gadkari
- IMO-Norway GreenVoyage2050 Project launches work on low & zero carbon demonstration projects in India
- Maersk completes acquisition to strengthen E-commerce logistics
- Seafrigo standardises all global operational processes with implementation of CargoWise platform
- Validity of transport documents extended again
- CEOs call on world leaders to re-engage on trade reform
- Ease of doing business gets a boost
- Economy likely to grow in double digits till 2022-23: Principal Economic Advisor
- Proposed FTA with the UAE seen enhancing engineering, leather, chemicals exports
- Exim Club Vadodara elects new office-bearers for 2021-22
- Hermeneutic Breadth of "Letter of Indemnity" for "Release of Cargo" without OBL
- Xerrxes Master elected President of AMTOI
|OCTOBER 4, 2021|
- Intermodal network grows in the east
- Seafrigo revamps global organisation
- Upswing for Vancouver
- Sensors for 1,000 freight wagons
- Aglow Aviation joins Cargo iQ
- 30 years of joint humanitarian missions
- Quicker and safer without laths
- Josef Lex & Co replaces managing director
- Scan Global chooses next victim
- Flying invitation to first Expo in Middle East
- More equipment for Indonesian shipper
- Double decker inside the container
- "Curiosity of the Day"
- Quantron adds fuel cell transporter
- Telesis picks Naji Majdalani
- Seychelles: a hub for sea-air transhipments
- To the unknown Covid-19 victims
|OCTOBER 1, 2021|
- Agreements 'being ripped up' by lines as shippers are left in the dark on rates
- 'It's a crazy market out there' - shipping contract rates jump by 90%
- EU and US TTC the 'start of a special relationship that will be envied'
- South Korea launches multimodal solution for exports to key US cities
- Scan Global strikes again, scooping up Horizon to gain a footprint in the UK
- Air cargo carriers: this is your moment - enjoy your profits, but play nicely
- Leman Group appoints DP World's Bo Lindberg Andersen as chief executive
- AB InBev veteran Ingrid De Ryck appointed VP of European logistics
- FreightTech radar: FourKites CEO - 'acquisitions can get out of control very quickly'
- Kalitta Air freighter suffers slight engine fire on landing at East Midlands Airport
- M&A radar: CMA CGM - 'it's your turn to deal now, darling'
|OCTOBER 1, 2021|
- Great Lakes Shipyard books $1.9 million in government contracts
Great Lakes Shipyard, a division of the Great Lakes Towing Company, Cleveland, Ohio, reports that it has recently been awarded government contracts amounting to more than $1.9 million and that could be
- Van Oord orders mega WTIV
Gearing up for ever larger wind turbines and with global offshore wind farm development plans surging, Rotterdam-headquartered Van Oord has placed an order with the Yantai CIMC Raffles Shipyard in China for
- Singapore bunker scammers get prison terms
Back in 2017, the Maritime and Port Authority of Singapore (MPA) made it mandatory that MPA-approved Coriolis-principle mass flow meter (MFM) systems be used for all Marine Fuel Oil (MFO) bunker deliveries
- Höegh signs LOI for two giant ammonia-ready car carriers
Moving ahead on a plan announced back in April, Oslo-headquartered Höegh Autoliners has entered into a Letter of Intent (LoI) with shipbuilder China Merchants Heavy Industry (Jiangsu) Co., Ltd. (CMHI) to build
- Centerline Logistics acquires former Bouchard ATBs
Seattle, Wash., based Centerline Logistics, one of the largest marine petroleum transportation companies in the U.S., has acquired "several" former Bouchard Transportation articulated tug and barge (ATB) units. It says the acquisition
- GLDD makes leadership appointment
Great Lakes Dredge & Dock Co. (NASDAQ:GLDD), has appointed Scott Kornblau as its senior vice president and chief financial officer, effective immediately. In this role, Kornblau will be responsible for overseeing the
- Trust and Wellness: The Connection
By Emily Reiblein Trust is critical in any relationship. It provides a measure of psychological safety that creates a difference in how we feel about colleagues, friends and family. Research now shows
|OCTOBER 1, 2021|
- Greek shipowner funds coronavirus medicine research
Results from the trial were so promising that they were extended to a larger number of patients, with Mr Youroukos...
- The BDI: Back to 2008, but in a good way
Rollercoasters can be a lot of fun. But grown-ups tire of them eventually
- Venezuela expands deceptive shipping practices to bolster Asian crude exports
Tankers purchased this year linked together by a complicated web of cargo transfers and managing companies, with many formerly owned...
- UK driver shortage adds to ocean freight perfect storm
Ocean freight costs have been a significant headache for forwarders and their customers. But now the container haulage situation is of...
- Safe Bulkers obtains first sustainability-linked loans
US-listed dry bulk owner says a new $60m facility, which refinances previous facilities, includes an interest rate incentive linked to...
- Abandoned cargo risks on the rise
There are many reasons for cargoes to be left with forwarders or at terminals. But with box shipping in disarray...
- Capesizes break $75,000 ceiling after small blip
Tonnage tightness adds to freight rate gain after nervousness briefly took hold following a fatality at an Australian mine
- Habben Jansen acts to simplify surcharges and limit any extra fees levied on shippers
Surcharges set by Hapag-Lloyd are likely to be more focused in future, and applied to those customers that consistently breach...
- Hapag-Lloyd eyes further terminal investments
Hapag-Lloyd has had little interest in owning terminal stakes in the past. Now, however, it sees them as crucial to...
- Why ships waiting at anchor could be a health hazard
There has been a substantial increase in the number of idling vessels over the past 10 years for reasons including...
- Do the economics of carrying boxes on bulkers stack up?
Moving boxes on bulkers is a side-business perk under the current climate, but is it worth the effort given all...
- BHP positive about LNG and biodiesel
Rashpal Bhatti said he is sanguine about biodiesel as it can be used with engines already and along with very low...
- Daily Briefing
Supply chain congestion will hold back volume growth | Can China do without coal imports from Australia? | Seafarers: At...
|OCTOBER 1, 2021|
- NY-NJ terminal fee targets truckers who miss appointments
- Weaker-than-expected US consumer spending raises hope for port flow
- Trucking woes emerge in Vancouver amid import surge
- OSRA 2021 could strengthen contracting without reverting to 'common carriage'
- Norfolk Southern to reopen Louisville depot for ocean freight
|OCTOBER 1, 2021|
- Crude tankers see 'glacial' improvement as Opec weighs production bumps
- Safe Bulkers secures $60m 'green' refinancing linked to emissions targets
- Capesize bulkers rates continue to soar amid supply-chain 'mess'
- MOL teams up with Kokusai Cable Ship for wind farm work
- Paying dividends? Coast is now clear for Eagle Bulk in wake of refinancing
- The leader working to right the Flopec ship amid probe into predecessor
- Alleged 'patent troll' cuts deal with OOCL, scoring second settlement
- Sharp falls in container spot freight rates point to end of peak season
- Meadway Bulkers buys more ships as confidence soars
- Eagle Bulk reveals $400m deal to refinance loans and $176m bond maturity
- Aker BP takes platform supply vessels for three years as Solstad sells again
- Vision Ridge intends to widen horizons of Saevik family's Fjord1
- Vision Ridge's Reuben Munger has $1.25bn on tap for energy transition 'fun'
- Top Ships tanker rescues yacht skipper and his pet in the Atlantic
- KiwiRail clinches shipping's first $242m Climate Bond Initiative loan
- Don't use 'inefficient' bulkers to carry containers, says Habben Jansen
- Tanker owner Sea World launches carbon credit platform for charterers
- NS United claims LNG and battery first for new limestone carrier
- Braemar Naves bosses take shares as parent pays takeover bill
- Hoegh Autoliners heads to China for series of ammonia-ready car carriers
- Nordic American Tankers confirms suezmax tanker disposal
- Stig Remoy's Olympic Subsea sells MSV as refinancing talks continue
- Containership owners may finance newbuildings with cash as markets boom
- TradeWinds articles help build dry bulk sentiment gauge
- Turkey's Beks emerges with M Sea and Xihe Holdings tankers
- Ho Ching steps down as CEO of Temasek Holdings as Dilhan Pillay Sandrasegara takes over
- CDB Leasing swoops on nine ultramax newbuildings at New Dayang
- Seaspan Corp transformation 'no accident', says Bing Chen
- Seaspan Corp bets big time on 7,000-teu containerships
|OCTOBER 1, 2021|
- Air Canada expanding refrigeration capability at Toronto cargo hub
Air Canada will be able to handle more COVID vaccines, lobsters and other perishable products after it builds out a refrigerated airport warehouse.
|OCTOBER 1, 2021|
- STB maintains voting trust approval for Canadian Pacific-Kansas City Southern deal
US regulators said they will maintain the previous approval of a critical voting trust for Canadian Pacific Railway's $27.2 billion acquisition of Kansas City Southern in the biggest North American railroad merger in more than two decades.
- North American oil, gas drillers see more investor interest; pipelines out of favor
The North American oil and gas exploration and production sector is gaining more investment dollars at the expense of pipeline operators as drillers substantially improve free cash flow and debt reduction, according to industry experts.
- Denmark says to accelerate climate efforts with 2025 decision deadline
Denmark's government has set a 2025 deadline for decisions to be in place to deliver a 70% reduction in CO2 emissions by 2030, the Climate and Energy Ministry said Sept. 29.
- China power shortages provide lessons for sector reforms in climate push
The ongoing power crisis in China provides key lessons for sector reforms to overhaul the electricity system, build a new grid based on renewables and decarbonization, and ensure stable energy transition amid shifting priorities, Chinese experts said at the launch event of International Energy Agency's report on a carbon neutrality roadmap for the country's energy sector.
- Lundin announces first oil from Solveig field, adding to Edvard Grieg lifespan
Norway-focused Lundin Energy has announced first oil from its Solveig field, which the company expects will provide a significant boost to the longevity of its flagship Edvard Grieg hub in the North Sea.
- OIL FUTURES: Crude stable as market awaits fresh pricing cues, OPEC+ meet
0606 GMT: Crude oil futures were stable to slightly higher in mid-afternoon trade in Asia Oct. 1 as investors waited for fresh market cues to emerge ahead of the OPEC+ meeting Oct. 4.
- OIL FUTURES: Crude climbs as market looks to OPEC+ meeting, dollar slide extends
Crude futures pushed higher Oct. 1 as the market looked toward an Oct. 4 OPEC+ group meeting and the dollar extended its slide.
- OIL FUTURES: Crude treads water as market looks to OPEC+ meeting
Crude oil futures were holding around even midmorning Oct. 1 as the market looked to an Oct. 4 OPEC+ meeting for next direction.
- BUNKERWORLD INDEX: Prices climb amid rising fuel oil and instances of tight supply
**Tight HSFO at Singapore in October **Bunker fuels at Rotterdam hit multimonth highs **Weak demand, congestion at Los Angeles, Houston
- QUARTERLY: West of Suez - Freight rates seen strengthening in fourth quarter
Although dirty tanker freight rates were steady through most of the third quarter, towards the end of September they started to increase.
- RUSSIA DATA: Transneft expects to ship 8.93 mil b/d of Russian oil in October, up 0.9% on month
This would represent an increase of 0.9% on daily average deliveries of around 8.85 million b/d in September.
- European September fuel oil swaps volume traded in Platts MOC rises to 115,000 mt
The most commonly traded derivative was the 1% sulfur FOB Northwest Europe barges versus 3.5% sulfur FOB Rotterdam barges derivatives, accounting for 65,000 mt.
- QUARTERLY: Clean Tanker markets have muted expectations for traditionally strong fourth quarter
Continued firm bunker prices were compounded by a consistently replenishing tonnage list in both the Atlantic and Mediterranean basins.
- Operations at Russian Black Sea port of Novorossiisk affected by storm: sources
Loadings of crude oil and product tankers are halted, although some loading could take place Oct. 2 if the weather improves, a spokesperson for Russian crude oil pipeline operator Transneft said.
- Gasoil futures surge on reports that China orders energy buy-up
**ICE LS gasoil used to hedge middle distillates such as heating oil **Continued energy buying supporting energy markets
- REFINERY NEWS: Poland's Plock to build HVO unit for biofuels
The unit will process used rapeseed oil to produce an additive to diesel or aviation fuel. The annual production of the unit will be 300,000 mt of biodiesel or aviation biofuel.
- ARA fuel oil stocks drop 4.9% on week to 1.1163 million mt: Insights Global
Arbitrage opportunities to Asia were said to have increased on the back of tight supply in the Singapore area.
- OIL FUTURES: Crude weakens amid expectations of OPEC+ production rise
Reports suggested that the current trajectory of OPEC+ production -- bolstering output by 400,000 b/d in November -- would be maintained.
- Fuel oil flat prices hit multi-year highs as natural gas prices soar
The strength in fuel oil prices comes amid surging natural gas prices, with the benchmark Dutch TTF day-ahead contract hitting a record high of Eur80.825/MWh on Sept. 29.
- FEATURE: Cautious OPEC+ deliberates output levels, as US, China seek more oil on the market
The JTC also discussed how skyrocketing global natural gas prices are spilling over into the oil market, with some power plants switching feedstock to fuel oil, according to delegates.
- Oct premiums for Singapore ex-wharf 380 CST HSFO rally amid limited availability
Suppliers reap better margins by blending down the viscosity of the 380 CST HSFO grade to sell as 180 CST HSFO cargoes rather than in the delivered bunker market, industry sources said.
- Bangladesh's Oct HSFO imports to decline as temperatures fall, LNG spot imports rise
Cargoes are usually purchased from suppliers through bilateral negotiations with international traders, with most cargoes originating from Singapore and Malaysia.
- Singapore low sulfur marine gasoil differential to gasoil 10 ppm narrows on demand uptick
Contractual volumes for the supply of marine gasoil 0.1%S for loading in October has also been higher than usual, traders have said.
- Hong Kong Oct ex-wharf 0.5%S bunker premiums at lower levels on month
The bunker suppliers attributed the lower levels to ample supplies of marine fuel 0.5%S bunker fuel in Hong Kong, and that there was no significant pick up in demand during September.
- Singapore fuel oil MOC trades rise 35% in Sep on 180 CST HSFO, 0.5%S marine fuel sales
Trades for 180 CST HSFO doubled to 240,000 mt, the data showed, on stronger demand from Pakistan and Bangladesh as both countries increased utilization of the fuel for power generation after a strong upswing in LNG prices.
- SINGAPORE DATA: Residual stocks fall 12.71% to over two-year low of 18.73 million barrels
The inventories declined as fuel oil exports gained 2.53% on the week to 300,920 mt as of Sept. 29, with volumes to Malaysia surging 72.70% during the same period to 156,380 mt.